bg-rating-rationales

Entity-Specific Rating Rationales

17 Oct 2025

Godrej Industries Limited: Ratings reaffirmed; [ICRA]AA+ (Stable) assigned for fresh NCD of Rs. 2,000 crore

Godrej Industries Limited: Ratings reaffirmed; [ICRA]AA+ (Stable) assigned for fresh NCD of Rs. 2,000 crore

23 Oct 2024

Godrej Industries Limited: Long-term rating upgraded to [ICRA]AA+ (Stable); short-term rating reaffirmed; [ICRA]AA+ (Stable) assigned to Rs. 3,000.00-crore proposed NCD programme

Godrej Industries Limited: Long-term rating upgraded to [ICRA]AA+ (Stable); short-term rating reaffirmed; [ICRA]AA+ (Stable) assigned to Rs. 3,000.00-crore proposed NCD programme

10 May 2024

Godrej Industries Limited: Update on material event

Godrej Industries Limited: Update on material event

18 Dec 2023

Godrej Industries Limited: [ICRA]AA (Stable) assigned to Rs. 500.00-crore Non-Convertible Debenture Programme; [ICRA]A1+ assigned to enhanced Rs. 1,000.00-crore Commercial Paper Programme; ratings reaffirmed for other facilities

Godrej Industries Limited: [ICRA]AA (Stable) assigned to Rs. 500.00-crore Non-Convertible Debenture Programme; [ICRA]A1+ assigned to enhanced Rs. 1,000.00-crore Commercial Paper Programme; ratings reaffirmed for other facilities

bg-rating-crediet-reports

Entity-Specific Credit Perspective Reports

18 Nov 2025

Godrej Industries Limited

Godrej Industries Limited (Non-SF)

19 Nov 2024

Godrej Industries Limited

Godrej Industries Limited (Non-SF)

15 Jan 2024

Godrej Industries Limited

Godrej Industries Limited (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Term Loan -- -- [ICRA]AA+(Stable) --
Non-Convertible Debenture -- -- [ICRA]AA+(Stable) --
Long Term/Short Term Unallocated [ICRA]A1+ -- [ICRA]AA+(Stable) --
Proposed Non-Convertible Debentures -- -- [ICRA]AA+(Stable) --
fund-based facilities – CC -- -- [ICRA]AA+(Stable) --
Commercial Paper [ICRA]A1+ -- -- --
Short term - Non fund based facilities [ICRA]A1+ -- -- --

Our Analysts

Analyst 1

Aman Mundhada

Analyst 2

Mythri Macherla

Sector Head

Jitin Makkar
bg-rating-research

Most Trending Research Reports


View More

Webinars

no-data

No Data Available

No Data Available

Podcast

View More

Press Releases



View More
Ask Our Industry Analyst Get in touch with our Business Representative
Please enter your name
Please enter your mobile number
Please enter your email id
Please enter your company name
Name should not be greater than 50 characters
Please choose sector
Please enter your query
Query to have atleast ten characters
Query should not be greater than 1,000 characters
Please verify you are not a Robot.